Barratt Developments plc (BDEV) Earns “Sell” Rating from Liberum Capital
Barratt Developments plc (LON:BDEV)‘s stock had its “sell” rating reissued by investment analysts at Liberum Capital in a report issued on Tuesday, StockTargetPrices.com reports. They presently have a GBX 537 ($7.06) price objective on the real estate development company’s stock. Liberum Capital’s price objective indicates a potential downside of 10.57% from the company’s current price.
A number of other research firms have also recently commented on BDEV. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 768 ($10.10) target price on shares of Barratt Developments plc in a research report on Thursday, November 16th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Barratt Developments plc in a research report on Thursday, November 16th. Peel Hunt reaffirmed an “add” rating and issued a GBX 670 ($8.81) target price on shares of Barratt Developments plc in a research report on Wednesday, November 15th. Shore Capital reaffirmed a “sell” rating on shares of Barratt Developments plc in a research report on Wednesday, November 15th. Finally, upped their target price on shares of Barratt Developments plc from GBX 666 ($8.76) to GBX 774 ($10.18) and gave the company a “buy” rating in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. Barratt Developments plc currently has an average rating of “Hold” and an average price target of GBX 660.29 ($8.68).
Shares of Barratt Developments plc (BDEV) traded down GBX 20.50 ($0.27) during mid-day trading on Tuesday, hitting GBX 600.50 ($7.90). 9,128,567 shares of the stock traded hands, compared to its average volume of 5,140,000. Barratt Developments plc has a 1 year low of GBX 6.26 ($0.08) and a 1 year high of GBX 705.50 ($9.28).
In related news, insider David Thomas sold 400,000 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of GBX 591 ($7.77), for a total transaction of £2,364,000 ($3,109,298.96). Also, insider Jessica White sold 4,110 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of GBX 694 ($9.13), for a total value of £28,523.40 ($37,515.98). Insiders sold 440,997 shares of company stock valued at $263,319,551 over the last three months.
About Barratt Developments plc
Barratt Developments PLC is a holding company. The Company is principally engaged in acquiring and developing land, planning, designing and constructing residential property developments and selling the homes, which it builds throughout Britain. The Company operates in two segments: Housebuilding and Commercial developments.
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